KO - Warren Buffett Just Revealed the 8 Stocks That Berkshire Hathaway Will Likely Hold Forever -- and Apple Wasn't One of Them
2024-02-27 06:07:00 ET
Warren Buffett is known as a buy-and-hold investor. He even once stated, "When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever."
However, Buffett doesn't hold forever every stock he buys. There's a good bit of churn in Berkshire Hathaway 's (NYSE: BRK.A) (NYSE: BRK.B) portfolio. But the legendary investor has identified a handful of Berkshire's holdings that he believes are forever stocks. Buffett just revealed the eight stocks that he thinks Berkshire Hathaway will likely hold forever -- and Apple (NASDAQ: AAPL) wasn't one of them.
In his letter written to Berkshire Hathaway shareholders last year, Buffett discussed two long-term holdings -- American Express (NYSE: AXP) and The Coca-Cola Company (NYSE: KO) . He noted that Berkshire completed building big positions in both stocks in the mid-1990s after several years of buying.
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Warren Buffett Just Revealed the 8 Stocks That Berkshire Hathaway Will Likely Hold Forever -- and Apple Wasn't One of Them